Visa , a multinational payment card services company based in the United States launches an Online Analytics Dashboard for stablecoins to make data access and interpretation easier. The dashboard focuses on four stablecoins that are spread across nine blockchains and removes noise to provide accurate insights.
Head of Visa’s cryptocurrency division Cuy Sheffield stated, “We apply a simple heuristic that removes inorganic data, and we see that transfer volume for the last 30 days can be adjusted from $2.65T to $265B.”
A $100 USDC to PYUSD conversion on Uniswap is counted as $100 in volume, not $200, as is the case with standard transactions; however, stablecoin accounting is different. The dashboard shows information on the supply, transactions, and users of USD Coin, Tether, PayPal USD, and Pax Dollar.
On tokenized deposits and CBDC, it also worked with banks and the Hong Kong Monetary Authority. Visa participated in the U.K. Regulated Liability Network use case testing in 2024 alongside banking institutions.
Visa is involved in the cryptocurrencycurrency space through an initiative aimed at popularizing stablecoins and blockchain technology, supporting USDC, and collaborating with companies like MetaMask to facilitate cryptocurrencycurrency withdrawals.
Visa is taking a calculated risk by embracing blockchain technology with the launch of the Online Analytics Dashboard for Stablecoins, which demonstrates the company’s proactive commitment to improving cryptocurrencycurrency accessibility and transparency.
